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2 years ago

George borrowed $1,895. 50 for two years. The total amount he repaid was $2,189. 38. How much interest did he pay for the loan?.

Business

1 answer:

ahrayia [7]2 years ago

3 0

Answer:

Explanation:

George borrowed $1,895. 50 for two years. The total amount he repaid was $2,189. 38. How much interest did he pay for the loan?. George borrowed $1,895. 50 for two years. The total amount he repaid was $2,189. 38. How much interest did he pay for the loan?. George borrowed $1,895. 50 for two years. The total amount he repaid was $2,189. 38. How much interest did he pay for the loan?. George borrowed $1,895. 50 for two years. The total amount he repaid was $2,189. 38. How much interest did he pay for the loan?.

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The date,
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Which of the following institutions makes up the largest part of the Federal Reserve System organization

vlada-n [284]

The Correct answer choice for question 1 is : <u>Federal Reserve Banks</u>

<h3>What is Federal Reserve Banks?</h3>

While the Board of Governors is a sovereign government agency, the Federal Reserve Banks are set up like private companies. Member banks hold stock in the Federal Reserve Banks and earn profits. The Federal Reserve's interest is determined principally from the interest on U.S. government securities that it has received through open market operations.

AND

The Correct answer choice for question 2 is : <u>Buy government securities</u>

<h3>What is Recession?</h3>

A recession is a business cycle recession which occurs in a general slowdown in financial activity. Macroeconomic indicators such as GDP, finance spending, capacity utilization, household income, business profits, and inflation fall, while failures and the unemployment rate rise.

Therefore, we can conclude that the correct option of 1 is (B) and 2 is (A).

Your question is incomplete, but most probably your full question was:

1. Which of the following institutions makes up the largest part of the Federal Reserve System organization?

A. Board of Governors

B. Federal Free Market Committee

C. Federal Reserve Banks

D. Member banks and other depository institutions

2. If the United States falls into a recession, which action would the Federal Reserve take to encourage employment?

A. Buy government securities

B. Increase reserve requirements

C. Raise federal funds and prime rates

D. Sell government securities

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2 years ago

Infrastructure is the basic structure used to support an entire __________. A. city B. economy C. government D. population asap

Dvinal [7]

The answer that best fits the blank space in the question is (A) city.

Infrastructure generally refers to <em>the essential facilities and systems that serve an area, which can apply to a city, country, or even smaller regions such as a village</em>.

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3 years ago

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Neon Light Company of Kansas City ships lamps and lighting appliances throughout the country. Ms. Neon has determined that throu

FromTheMoon [43]

Answer:

A. $7,275,000

B. $436,500

C. YES

Explanation:

A. Calculation for how many dollars will the cash management system free up

First step is to calculate for Additional collections

Using this formula

Additional collections=Daily collections× Numbers of days to speed up

Let plug in the formula

Additional collections= $2,250,000 million per day × 3 days speed up

Additional collections=$6,750,000

Second step is to calculate for delayed disbursements using this formula

Delayed disbursements= Daily disbursement × Numbers of Days for slow down

Let plug in the formula

Delayed disbursements= $1,050,000 million per day ×0.5

Delayed disbursements= 525,000

Last step is to calculate for the freed up fund using this formula

Freed up fund=Additional collections+Delayed disbursements

Let plug in the formula

Freed up fund=$6,750,000 + 525,000

Freed up fund=$7,275,000

Therefore the amount of dollars that the cash management system will free up is $7,275,000

B. Calculation for how much will the income be using this formula

Income =Freed up fund× Interest rate

Let plug in the formula

Income=$7,275,000×6%

Income=$436,500

Therefore the income amount will be $436,500

C. YES it should be implemented reason be that the income amount of $436,500 is $36,500 ($435,600- $400,000) higher than New system total cost of the amount of $400,000

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3 years ago

A company issued 60 shares of $100 par value common stock for $7,000 cash. The total amount of paid-in capital is:

EastWind [94]

Answer:

A company issued 60 shares of $100 par value common stock for $7,000 cash. The total amount of paid-in capital is: $6, 000

Explanation:

60 shares of $100 per value

therefore, the cost would be 60 X 100= $6,000

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4 years ago